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negotiations and failed in the senate. jenna: let me ask you that is it part of the fiscal cliff negotiations or are food stamps in their own column right now? >> reporter: he tried. it is considered an entitlement program so it has to be funded. he did try to get the specific measure passed in the senate and it failed. jenna: any response from the administration on this? >> reporter: we reached out to the white house on this and want to give them opportunity to explain or comment on the fact under president's first term food stamps are up 39%. amount of americans dependent on them. the white house directed us to the u.s. department of agriculture and oversees this program and other similar programs. here is what they told us. the increase in snap participation during the 2008 and 2010 pared of economic decline which include the recent recession was consistent during increase in previous periods of economic decline. senator sessions and others make a point. the math doesn't add up. as we're seeing unemployment rate tick down very slowly small increements at a time explosion of people who are
if ongoing fiscal cliff negotiations fail before the deadline. >>> popular hotel is being accused of race 'em. raz entertainment, the company that runs the razz room cabaret at hotel nicco has filed a suit it claim the hotel and its general manager wouldn't extend the club's lease because the spa was bringing too many african-americans into the hotel for their shows. a spokeswoman for the hotel says those claims are not true. >>> is the rain over? meteorologist lisa argen is next with our forecast. >>> we didn't see much, what we call a moisture starved front. as you look at this picture, a few stratocumulus clouds, more sun than showers we'll tack about the cool temperatures, -- we'll talk about the cool temperatures, all coming up. >>> employers have spoken bay area companies ranked some of the best places to work. >>> live look from where the 21st annual food drive is underway santana row in san jose. we check in with the news team >>> today abc7 is proud to present the 21st annual share your holiday food drive. we have crews at three locations. let's check in with kristen sze and cheryl j
of the fiscal cliff negotiations. their hope is that those will end with a deal between congress and the president and that will make way for a steady improvement in the economy. those are the things that they will monitor to see when is the time that they can ease back. >> sreenivasan: greg ip from the "economist," thank you so much for your time. >> thank you. >> sreenivasan: wall street initially rallied on the fed's pronouncement, but the enthusiasm quickly flagged and stocks gave up the gains. in the end, the dow jones industrial average lost three points to close at 13,245. the nasdaq fell eight points to close at 3,013. indianapolis will be the first major american city to replace all city-owned cars with electric and plug-in hybrid vehicles. the program announced today calls for completing the switch by 2025. the city also plans to phase in fire trucks and other heavy vehicles that run on compressed natural gas. officials said they're asking auto makers to create plug-in hybrid police cars, which don't yet exist. retiring u.s. senator joe lieberman said goodbye to the sen
analysts jamie dupree will tell us about the two words we are not hearing in the fiscal cliff negotiations. >>> 7:36. software company founder john mcafee could soon return to the united states. his attorney says a guatemala judge has ruled that mcafee adetention in that country is illegal and he could be released as soon as today. mcafee was detained in guatemala last week after entering the country illegally to avoid police in belize who wanted to question mack afy about the fatal shooting of his neighbor. mca -- mcafee has said he wishes to return to the u.s. so he can live in peace. >>> continuing coverage on the shooting in portland, oregon. here's more. >> reporter: good morning, tori. the mall here is closed at this point while police continue their investigation and what motivated this young man to come in yesterday in a crowded mall, people were christmas shopping. we have video -- video. we can show you aerial as police converged on this location. witnesses describe him wearing a hockey style mask, dark cam mow, body armor as -- dark camo, body armor. witnesses say he walked into
in portland. thanks, jay. >>> turning now to politics and the fiscal cliff negotiation. president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to
decisions on budget plans until they see how the fiscal cliff negotiations turn out. in virginia, governor bob mcdonnell says some of the cuts to state agencies recommended to him will appear in his budget even if congress and the white house reach a deal to avert the fiscal cliff. >>> a developing story out of north korea. the country may set off a long range rocket as early as this monday. that's according to media reports in south korea. the rocket is reportedly being fueled, but heavy snowfall may have slowed down preparations. north korea wants to launch what it calls a peaceful satellite sometimes before november 22nd. the u.s. believes the rocket is a cover to test missile technology. >>> president obama is speaking out against ongoing unrest in egypt. he has called egyptian president mohamed morsi to express concern about recent protests that have resulted in numerous deaths and injuries, calling the violence unacceptable. president obama did welcome morsi's call for talks with opposition leaders. this comes after a violent week in cairo. on wednesday night, six were killed and nea
obama is refusing to budge in those fiscal cliff negotiations. >>> right now 5:07. we want to check back in with tara who is in for sal. definitely wet roads out there. >> reporter: we do have an accident to report. this is a big rig verses a small pickup truck and an ambulance is on the way. we understand there are injuries involved. here it is right here. 880 northbound near the grand avenue exit. we had somebody needs an ambulance basically. we are keeping an eye on it. all right. up next we will take a live look at 280 in san jose. you can see traffic is actually flowing nicely in both directions. and it's 5:08 let's check in with steve. >> thank you tara. >>> our system is finally moving. this is the last one. it cannot hold a candle to the three that came in before. i will show you rain totals in a second. light rain, drizzle, fog, cloudy. once in awhile moderate rain falls. our system the most amounts were left in the north bay. quarter to an inch of rain. lighter amounts will be south. might get little enhancement. there is not much of a breeze. kind of like a gray showery patter
on the floor at noon. we'll bring our viewers live what he has to say about the fiscal cliff negotiations. whether or not we can read a little bit what he has to say where we're at in the negotiations of the maybe no ski trip to mars included in that. >> reporter: you doubt it. jenna: doug, thank you very much. we appreciate it. rick: the president's second term has not even started yet but some political pundits are already looking ahead to 2016. what they're saying about hillary clinton's chances four years from now. >>> rare december tornados slamming the southern u.s., leaving behind a trail of destruction, devastating communities. we'll take you to the hardest hit areas straight ahead. >> just heard a big bam. thought the world was coming to an end. >> it was real scary. everything was just flying around, just tossed around. >> the tornado just came, bouncing from house to house. rick: some extreme weather to tell you about out of central florida. a tornado tearing through the town of edgewater, damaging about 40 mobile homes in a community there. no serious injuries were reported bu
on top earners as part of negotiations over the looming fiscal clip cliff. corker said it would allow republicans to press for cuts to entitlements. democratic senator chuck schumer told fox he thinks they will reach a deal. and texas a&m quarterback johnny manzell has won the heisman, the first freshman wotowin. he beat out notre dame linebacker and the kansas state quarterback. that's it. back to you. >> are you going to do the post for us? >> reporter: i enemy a stool, wired up. sorry. >> we will give you near space next time. >> reporter: thanks. >> an update on the developing story we have been following out of southern california. the tolare county sheriffs department has a suspect in custody in a shooting that killed three people and injured two, including two children. the person they identified as the suspect, hector solia was tracked with his cell phone. he refused to stop his car. deputies then opened fire and shot back and he is in the hospital with life-threatening injuries. the shooting victims other than found after someone made a call to 911, starting this case of we w
on the fiscal cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but most of the big voices dug in. >> you had a fascinating interview with the head of the international monitoring fund, it will air sunday on "state of the union." let me play a clip. what happens in fiscal cliff negotiations in washington could have a huge impact around the world. >> there's still that degree of uncertainty that fuels doubt, that prevents investors, entrepreneurs, households from making decisions because they don't know what tomorrow will be. they know that a fix has been found for today but there is still work to be done tomorrow and day after tomorrow. so it would be much better to actually hav
making the case, get out from behind closed doors and negotiate the terms of the fiscal cliff deal in public. let's listen. >> i get nervous when two people disappear into a white house room and start making a grand alliance and they think, we're going to do this and get it out of the secret meetings and into the public venues to the american people and the congress themselves, we're responsible for making intelligent decisions. that should be done publicly. but at some point, after public debate and so forth, yes, private negotiations can help bridge the gap and bring us to a successful conclusion. >> mary, what do you think? will that be a kiss of death? >> i don't think there's time, wolf, the president has been dragging its feet. we have a few numbers of days left before we go off the fiscal cliff and taxes are raised for everybody. so speaker boehner knows a caucus, a serious, mature sober leader. he knows what his principles are. he's a principled conservative, a mainstream businessman and knows what the issues are. the house should and is largely trusting him. >> and what do
when the president calls for all the new taxes in the fiscal cliff negotiation, mr. president we already have a big tax increase that will hit on january 2nd. that of course is the obamacare taxes. you mentioned one of them, the tax on medical devices and medical equipment, bill, which i agree with, congressman price. that will reduce innovation and will reduce the kind of invention and new products we need to keep people healthier. in addition to that, bill, don't forget there is something called 3.8% investment tax surcharge in the obamacare bill that starts in january. one of the things that the president says is a little misleading i will only raise tax rates back where they were in the clinton era. you heard him say that a lot of times, bill. he is not including that 3.8% investment tax that will raise the taxes higher than they were in the '90s. bill: i see. seeing it right here. if you make more than $200,000. >> that's right. bill: if you're in a household of 250 or above, subject to a new 3.8% tax. well, you know, ultimately republicans argue this is coming down on the b
for this country to lead. this is an opportunity for the president to lead. >> as fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses as negotiations or lack thereof over the fiscal cliff continue. >> did you see that the nbc white house team is reporting the belief that perhaps the republicans don't have the fight in them anymore to really dig in now on the concessions on the way which is good news if you don't want to go over the fiscal cliff but they are dispelling the real argument for late
's very foggy about seeing the picture of how exactly this all comes together on the fiscal cliff negotiations. while there are outlines of what a possible compromise could look like, liken stead of raising tax rates to 39.6% which was the clinton-era rate, maybe go to 37% and close some loopholes and deductions. there are still not indications that house republicans are willing to do that. and on the spending side, which really if you look at the media across the board, there hasn't been a lot of focus on it at all. the spending side. and what spending cuts are on the table. we haven't heard anything specific about what is in addition to what's been out there from the very beginning. jon: right because the republicans claim the country doesn't have an income or a revenue problem it has a spending problem, and that's where republicans say the bulk of the savings, or the rescue plan for this -- this budget is going to come. >> reporter: sure, i mean you have some proposals that are out there, for example, means testing, medicare, social security. you have adjustments to consumer pr
and the ongoing fiscal cliff negotiations. the dow up 14 points. a settlement has been reached in a sexual assault lawsuit followed by new york hotel maid against former imf chief. the maid claims he attacked her in his room back in may of last year. no details with sediment will remain confident she'll. he did not appear in court today but was recommended by his attorney. hockey fans getting hit and checked. new york canceling games through december 30. they continue with a total of 526 regular-season games that were scheduled for octobe october 11-december 30. that is the latest from the fox news network to be the power to prosper. the ninth receiving the nobel peace prize. fostering peace on a continent ravaged by two devastating world wars. south africa archbishop, demanding that the $1.2 million prize money not be granted this year. the eu should not receive it because it relies on military force to ensure security. the deep economic crisis, europe, of course, suffering from high unemployment. security measures, well, and financial payment has led to what we see here in athens. protests on th
% savings. melissa: as washington is in the middle of this tumultuous fiscal cliff negotiations from a white house looking for more money in the terms of emotions the aid request rebuilding efforts. still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the administration is teeing up a big request. >> much of the impact of sandy go beyond fema programs. fema's assistance is limited, maximum benefits of individual family could receive is about $31,000 if they have no assurance. others that will not rebuild destroyed or damaged home to did not have insurance. >> woke up to this headline. u.s. denies aid to the maryland storm
" on this wednesday, december 12, 2012. negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said
negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it already rippling through the economy in? he said, yes. that's why you're seeing a fall in consumer confidence and less business activity and he said that it's impair tea that the congress comes to a deal with the white house and he was asked, do you think that term is correct a. fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for cover in an oregon mall. we're going to give y
john boehner trying to negotiate a deal to keep the u.s. from going over the so-called fiscal cliff. house republicans meeting right now and we expect to hear from the house speaker at the top of the hour. dana bash, capitol hill, following the negotiations. how many times have i said fiscal cliff over the past couple months, i can't even, if i had a nickel for every time i'd be a wealthy man. >> we'd be able to avert the fiscal cliff. >> exactly, very good, so much more clever and quicker than i am. dana good morning. the president and the house speaker offered new proposals. what do you know about them, if anything? >> reporter: you know, they're being very, very careful, they're holding their cards close to the vest, which i think you know as a reporter is frustrating but as somebody who certainly wants to get, to see this solved, that that is a completely nonpart son thing to say. it maybe is a good sign, because both sides are being very careful not to let the cat out of the bag on some of the specifics because they don't want the process to blow up even before it really starts
stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i know some republicans who had their eyelids surgically removed. (laughter) (cheers and applause) now obama won't budge off his calls for $1.6 trillion in new tax revenue over the coming decade, mostly from increasing tax rates and taxes on upper-bracket earners. folks, that's just punishing our nation's job creators. america's billionaires are the engine that drives our economy through smart investments! and occasionally through dumb ones. (laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday i
as a mile away. no injuries have been reported. >> the fiscal cliff creeping closer -- with no visible progress in negotiations between lawmakers. the main sticking point -- democrats wants to cut tax breaks for the wealthy. spending cuts. now, with less than three weeks until a deadline -- the words took a slightly sharper tone on capitol hill. >> a lot of people know that the president and died sat and met on the sunday. it was nice and cordial. -- the president and i-met on sunday but what spending cuts are they going to make to willing to make for the approach? where are the spending cuts? >> what i would do to respond to the speaker is to set the record straight. the fact is that the president has and the democrats have agreed to over 1.5, 1.6 trillion dollars in cuts. the budget control act and other acts of congress. these are what you, mr. speaker have a voted for. >> unless an agreement is reached, the fiscal cliff which is the combination of tax rate increases and automatic trigger budget cuts. are set to kick in at the beginning of next year. >>jacqueline: with the rainfall
to actually get something done to avoid the fiscal cliff. >> and what's going on in those negotiations that we don't know. >> exactly. so we going to talk to the man who may know right? >> the man who's wired in washington. >> exactly. bob woodward knows the white house and he's covering washington for years. he'll be on later this morning. >> announcer: this portion of "cbs this morning" sponsored by international delight coffee creamers. what's your i.d.? who thinks two is better than one? so all of you do. yes, for sure. now what's better? being able to shoot two lasers out of both of your eyes at the same time or just one laser out of one eye? [ all kids ] two! [ moderator ] okay, why? if it's just one beam -- okay, it does a little bit of damage. two beams -- it will make something explode! and that's more fun? yeah! and it's more powerful you're saying? yeah! [ male announcer ] it's not complicated. doing two things at once is better. and only at&t's network lets you talk and surf on your iphone 5. ♪ ♪ online outfit piccolo headphones buy now broadway show meg
creditors and there may be others in the pipeline. bill: negotiations on that fiscal cliff and his first one-on-one television interview since reelection president obama says he will only agree to a deal that raises tax rates on top earners. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class families that make up the difference. bill: john boehner will speak later this hour. we'll see how he responds to that comment. if washington can't get a deep, automatic tax increases and massive spending cuts do take effect. martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more ef
. the negotiations to avoid falling off the fiscal cliff over the stand still, we're told. the house speaker john boehner says the white house has wasted another week. but the vice president says there is a quick fix to all of this if republicans would just agree to do one thing. plus the other winner of that record power ball jackpot has claimed the prize. but, well, the but is coming up as we approach the bottom of the hour and the top of the news from fox report. playing sports is just my whole life. looking back if it wasn't for shriners hospital, things would just be really, really different. i lost my leg when i was a kid. there was a time when i felt like i wasn't going to be able to walk again... it was a pretty bad accident but shriners showed me who i could be again. they turned my whole life around. hunter's life is one of nearly a million changed by donations from people like you. send your love to the rescue. donate today. >> shepard: they were all out shopping in seattle last night and all of a sudden chaos when an escalator went all haywire inside a macy's department store. somebod
on avoiding the so-called fiscal cliff were going no where on capitol hill. each side continues to dig in. but even if the president and house speaker john baner are able to reach a deal, there is no guarantee it would pass the lame duck congress. some say they are not sure they could go along with it. and some democrats might balk as well. everybody agrees that something has to be done, but so far no deal. >> first if congress does nothing, every family in america will see their income taxes go up on january 1st. a typical middle class family of four will get a $22 tax hike. that would be bad for families. it would be bad for businesses, and it would drag down our entire economy. >> we must get the national debt under control. tax increases will not solve our $sick teen trillion debt. only economic growth and a reform of entitlement programs will control the debt. >> let's say hello to our political panel. debbie is the former chair of vice president al gore's 2000 campaign in michigan. nice to see you. and chip is a former governor, nice to see you chip. let me talk to you about the ide
that the negotiations to avert the fiscal cliff are successful, in my view we should not wait for a grand bargain in order to finish work on this important tax extender legislation. tax extenders are different from the other fiscal cliff issues for three basic reasons, and let me describe those reasons. first tax extenders are much less contentious than the other end of year problems that we -- that need to be resolved. the tax extender bill on the senate calendar has strong bipartisan support. in august, the finance committee approved it by a large margin. we have support from six republicans, including the ranking member, senator hatch. all 13 democrats supported it. i believe that many more republicans will vote for this legislation if it's brought up for consideration here in the senate. the bill consists entirely of tax cuts. it should not be difficult to get senators to vote for tax cuts, right before christmas especially. most of these tax cuts have solid bipartisan support. many of these tax cuts will help the economy, will help the middle class. for example, the bill includes the deducti
the fiscal cliff and not voting for a tax raise and then later negotiating taxes down. >> republicans will be blamed, polls show, if we go over the cliff. >> let's turn to jeb henserling, newly named chairman of the house committee and co-chair on the super committee. we heard will saying how do you salvage a political victory? the reality is if nothing is done, if you cannot get together, you go over the fiscal cliff and taxes go up for everybody, correct? >> well, the president is going to get his revenue one way or the other. house republicans will do everything we can to minimize the damage to our economy. we know that by raising the rates on the top two brackets, as the president wants to do will cause middle income workers at least 2% off their paychecks, lose another 700,000 jobs. that's not something republicans are going to be part of. but the president obviously will get some rv new. there's nothing we can do to stop thachl it's written into current law. bottom line is that you can't solve this problem through revenue. and the president is not being serious. he is moving the
on msnbc. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still seeking further concessions on spending cuts. >>> well, there are some new details this morning on that london nurse who took her own life after passing through a prank call at the hospital that was treating kate middleton for extreme morning sickness. jacintha saldanha's family reveals that she left a suicide note, though they haven't released details of what that note said. earlier this week, the two deejays who made the call said the tragedy has left them shattered, gutted and heartbroken. >>> now, here's your first look at this morning's "dish of scrambled politics." mitt romney wasn't the only
for a face-to-face negotiation on the fiscal cliff. this is just weeks ago before the deadline. right now, as you know, there is still no deal. those sites are still hundreds of billions of dollars apart. mike emanuel has more. reporter: hello, jenna. speaker john boehner says the republicans made a good-faith effort to avert a fiscal crisis. they say essentially this is now time for the president to be getting involved to respond to the republican offering. he claims that the republican offer was balanced, and because republicans cannot just sit there and negotiate with themselves. here's more from the top republican leaders a short time ago. >> i will be here and i will be available at any moment. so, the president and get serious about solving this problem. reporter: they asked the president sit down so we can stop wasteful spending in washington. on the democratic side, there is emphasis that congress should pass the middle-class tax cuts for people earning up to $250,000 per year. to give those people economic certainty. here is more from nancy pelosi making her case. >> i consider w
, they're better off if -- they're better off than republicans if we go over the fiscal cliff. they have leverage from the campaign. that's the directionion -- speaker boehner today kept the door open to raising rates on the wealthy as part of a negotiating plan. >> at the white house, what are you hearing as to how much flexibility the president thinks he has? >> it's interesting. i had an interesting conversation yesterday with senator sheldon, white house democrat from rhode island, on the senate budget committee, he said look if we go through january 1st without a deal, it's not the end of the world. it will be the end of the world if they never get resolved. if they don't get resolved until mid january or february we'll be okay. from the white house and democrats we want a deal but not afraid to go past this deadline without a deal as susan said, they know they have the upper hand and waiting for republicans to bend. >> you've been looking at this from the per spective the wise men who used to be in leadership and take a look at what happened you wrote about mitch mcconnell and his
to negotiate a deal do avoid that fiscal cliff. >>> time now is 6:08. let's check in with tara. what are you keeping an eye on? >> in san francisco we have issues actually with some backup. spinout near hospital suffer on 101 southbound and there are several cars that are in the fast lane and definitely having an impact on traffic. right now let's take a look at our maps. we can show you where we have other accidents brewing here. 280 northbound. and then we have flooding in the two right hand lanes. so be aware of that. and then if we head over to the oakland care you can -- oakland area we have slowing through the richmond area. we also have this accident still being cleared here at buchanan street and a stalled truck on 24 near the caldecott tunnel. if we take a live look at the bay bridge toll plaza, we have a lot of rain out there. the metering lights are on. you're looking at an extra 15 minutes to get into san francisco. here's a look at highway 24 live. that stalled truck could be causing big delays. let's check in with steve. >>> tara, thank you. rain steady, moderate, almost approa
be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov coverage. as the days went on, we understood that that senior white house officials was the white house official. so it was pretty exciting for us. >> president obama and lawmakers now have less than four weeks to reach a deal to avoid steep tax hikes and spending cuts from taking effect. >>> 4:34 now. melissa mollet is at the live desk with breaking news. good morning, meliss
it is today. everyone is this availing the economic data and the fiscal cliff. what is more important is how the jobs data affect negotiations on the fiscal left. it is up for jobs report tomorrow it will affect the negotiations and there will be urgency to get something done because everyone concerned about getting jobs. it nicole: everyone is concerned about jobs. back to you. ashley: thank you so much. back in 15 minutes. like a rudderless ship floating in the ocean, the markets description of the day. tracy: poetic. this is not. housing and urban development secretary shaun donovan on hot seat on capitol hill is grilled on the f h a and whether taxpayers foot the bill for multibillion-dollar bailout. gerri willis has this story. we have been waiting for this. gerri: that is will be looking at. off the top of my head. shakespeare is clocking in his grave right now. ashley: quite an image of. gerri: let's talk about fha and how much trouble they are in. they guarantee the mortgage loans. not that they are actually making them but the agency has lost $70 billion of loans in two years, 2007-
about, the fiscal cliff, are we getting closer? is there movement in the negotiations? there seems to be signs of that. that's how we get started in the brand-new hour of "america's newsroom" on wednesday. i'm martha maccallum. bill: i'm bill hemmer. today's remarks come a day after a speech on the floor of the house. here is some of what the speaker had to say about where we are in his view at the moment. >> we are still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process the closer our economy gets to the fiscal cliff. martha: so what is really going on in this negotiating right now? where are both sides? the white house continues to insist that it is republicans who have yet to offer any detailed proposal to themment when speaker john boehner comes to the microphone moments from now, in every one of these you can pick up a little bit of the tea leaves and figure out where this mi
and means committee room on capitol hill where the "fiscal cliff" standoff could be decided. we'll ask former house speaker nancy pelosi where the negotiations stand today. >> plus, john miller is learning new details about the shooter at the mall outside of portland, oregon. and we'll take you to the new york's one world trade center where right now, the crews are working to raise the spire that will make it the tallest tower in the western hemisphere. those stories and more when we see you at 7:00. >> thank you. >>> two secret santas went on a shoppping spree in the east bay. walmart shoppers are still talking about the couple who handed out gifts and cash to total strangers. they paid shoppers' store bills at the register inside a livermore walmart on friday. they bought a toy sewing machine for a little girl when they heard she wanted one. >> they're nice people and giving other people stuff they can't afford. >> the walmart manager says the couple told workers they didn't want any recognition and they didn't want to be named. very generous. >>> well, if you can't dress up your hou
capable of reaching the u.s.. >> gregg: negotiations to avoid going over the so-called fiscal cliff draging on and on with little to show for it. in a weekly address, president obama saying he will not budge on his call to raise taxes on the wealthy. >> if we are serious about protecting middle-class families we're going ask the wealthiest americans to pay higher tax rates. that is one principle i won't compromise on. >> gregg: republicans sticking to their guns saying raising taxes is not the answer. here is florida senator marco rubio giving the g.o.p. weekly address. >> we must get the national debt under control. tax increases will not solve our $16 trillion debt. only economic growth and reform and entitlement programs will help the debt. >> gregg: time is running out. they have to go into effect january 1st is a budget deal is not reached before then but going over the cliff will it be that bad and rein in the spending and protect our children's future. let's talk about it with jamie weinstein, senior editor of daily caller. first. i looked it up the third debate president oba
going is this. mr. obama has leverage now because he really doesn't care if you go over the fiscal cliff or curb or slope, or whatever you want to call it. but in february we will hit the debt ceiling. and if we break through the debt ceiling we will unleash an economic hell on this nation. and no president would allow that, right? so that is republican leverage, as they see it. unlike them, obama is not willing to destroy the global economy. and so they figure there is no real need to cut a deal now, because if that deal, particularly if they deal includes concessions like taxes, just wait a couple of months, take the debt ceiling hostage and make everybody believe you'll shoot. this is making boehner weaker. it gives haas republicans an excuse to ignore the cuts the deal he makes. they say oh, we'll just wait it out. the concern that boehner will cut a deal that he can't actually deliver, or at the last minute he'll back off a deal because he won't have the votes. the white house, by the way, they don't think the debt ceiling is republican leverage. when you talk to them, they are all
's really negotiating anything? you have the fiscal cliff, and you have all kinds of gridlock in washington. what do you make of what you see? >> it is very strange. i mean, it could be that somebody should sit down and rewrite the way america runs things, because, you know, while america did this, china moves forward rapidly. other countries are more decisive move forward rapidly. so i think on the fiscal cliff it will get sorted. it would be nice if there could be a bit more decisive leadership. if you run a company, you don't have this -- this horrible problem where you can't make decisions. you can get on and say if i want to get into space, i'll go into space. let's get on and invest in it. if i want to go down to the bottom of the oceans, let's build a submarine that goes to the bottom of oceans. it's a lot easier than running a country. >> do you blame any particular side? is it all the same to you? >> look, i think i'm slightly biased one way more than the other, but i'm not going to push out 50% of the people watching your program right now. all right. i think that as far as things
over the fiscal cliff even if they come up with an international monetary fun, an agreement is imminent. >> it prevents investors, entrepreneurs and households to make decisions because they don't know what tomorrow will be. >> president barack obama heads to washington to push for the democrats' plan but democrats have quite a bit of leverage, allison bops ktvu channel 2 morning news. >>> north korea is extending it by another week at least until december 29th. scientists found a technical deficiency in that rocket. now the u.s. thinks they are using launches like that to test missiles that could be used to hit the u.s. mainland but north korea said they are only using it to put a satellite into orbit. >>> he is undergoing tests and officials have not said why he is not seeking treatment consistent with his age. he spend years in prison for fighting apart tied. he became the first black president and has since retired from public life. >>> a former head of the international on carry fun. he accused dominic to us conn and today lawmakers will update a judge on the damage of hurricane su
up to the fiscal cliff. >> brian: at least they are talking to each other. they are talking about raising rates for medicare to scen . rates to 37 . difdepped and inheritance and capitol gains on tap to go up. that could be devastating. >> steve: especially the difid end tax up a gigantical. >> brian: and capitol gains up five points. >> gretchen: stay tuned for that. he risked his life to help americans nail bin laden and now fox news has learned he was torteured in a pakistani jail. family members of the doctor said they can't even visit him. he was captured by pakistani officials and sentenced to 33 years in prison. got most wanten in the world. >> brian: why is there not more outrage on that. >> steve: and now extreme weather. he survived a tornado only to have this happen. watch. >> oh, my god, oh, my god. ci'm okay. che was chatting with a tv reporter when the roof came crashing down and luckily it was all caught on camera. >> gretchen: in country illegally. the university of california at berklyy offered 200 scholarship. a private company do mated money. >> brian: an easy b
the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in private. aides up on the hill, republican aides telling us there were no phone calls, no e-mails, no communication whatsoever. so this is encouraging in that the president sat down face to face with speaker boehner, but i think it's telling that both the speaker's office and white house put out these identical statements. i mean, what it shows here is that they've agreed to negotiate in private. there's a strategy here not to make this play out in public but rather happen behind closed doors so they can hash this out, hammer this out. it's unclear whether this will continue at that level. i did communicate with
with the president's position on tax hikes. furthermore, if this fiscal cliff happened 23 days from now, the president, if he doesn't do anything, those bush tax cuts expire, no negotiation at all. the bush tax cuts expire and the defense cuts go into place if the president basically doesn't return phone calls. >> speaking of polls, a lot of polls show if that happens, the republicans will be blamed for it, not the president. >> clayton: like 1995 all over again. >> mike: exactly. so representative randy forbes out of virginia says, maybe the president doesn't want an agreement really? listen. >> the president doesn't really want to get an agreement or a compromise, he wants to get his way and that's why he won't come to the table with any serious proposal and simply talk because i think if we do that, we can get a solution that everybody could live with. we're willing to sit down and negotiate and talk about the ideas and proposals, where is the senate and the president. the american people can hear what they're putting on the table and second realizing the senate and president are ju
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